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90
Feb 14, 2013
02/13
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what can we do to help create an environment where jobs will be created? or can we do to create a possibility that every family that is willing to work hard has the chance to get a decent life? i think there are many things we can do. i am an optimist by nature, but i also believe you have to keep working at it. the president proposed the american jobs act. last night, he thanked congress for adopting a few of them and urged congress to enact the rest. i believe that, in the short run, investments in infrastructure makes sense. investments in keeping teachers and firemen from being laid off makes sense. in the longer term, we have to get our fiscal house in order, but we cannot shortchange the investments to build the economy for the future, things like infrastructure, education, skills training. we have the best workforce in the world, the most vital economy in the world. in order to be there in the future, we need the r&d and the people and the infrastructure. that is got to be in conjunction with fiscal policy that we can afford. bu>> i hope you will al
what can we do to help create an environment where jobs will be created? or can we do to create a possibility that every family that is willing to work hard has the chance to get a decent life? i think there are many things we can do. i am an optimist by nature, but i also believe you have to keep working at it. the president proposed the american jobs act. last night, he thanked congress for adopting a few of them and urged congress to enact the rest. i believe that, in the short run,...
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103
Feb 14, 2013
02/13
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, particularly in a competitive environment with other countries. i think it can be done in a revenue neutral way. i do nothing would have the ability to raise the revenue we need to deal with the fiscal problem is with the business tax reform. >> in regards to business taxation, many have made the argument that we need to pay very close attention to the individual toacode regard to its impact on business taxation. do you think we can do corporate reform without also doing individual tax reform? >> i think we could, but i do not think it would be the best way to do it. we should do both individual and business tax reforms. we do have a combination of different forms of business organizations. the closer we get to a place where the corporate tax system is one that is open for more business, the more competitive we will be. we need to keep both in play. right now the challenge is many, but once we do tax reform, we should do it right and do both. >> i want to get into some. friend issues, but my time is running out here -- i want to get onto some othe
, particularly in a competitive environment with other countries. i think it can be done in a revenue neutral way. i do nothing would have the ability to raise the revenue we need to deal with the fiscal problem is with the business tax reform. >> in regards to business taxation, many have made the argument that we need to pay very close attention to the individual toacode regard to its impact on business taxation. do you think we can do corporate reform without also doing individual tax...
93
93
Feb 17, 2013
02/13
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CSPAN
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, particularly in a competitive environment with other countries. i think it can be done in a revenue neutral way. i do nothing would have the ability to raise the revenue we need to deal with the fiscal problem is with the business tax reform. >> in regards to business taxation, many have made the argument that we need to pay very close attention to the individual code regard to its impact on business taxation. do you think we can do corporate reform without also doing individual tax reform? >> i think we could, but i do not think it would be the best way to do it. we should do both individual and business tax reforms. we do have a combination of different forms of business organizations. the closer we get to a place where the corporate tax system is one that is open for more business, the more competitive we will be. we need to keep both in play. right now the challenge is many, but once we do tax reform, we should do it right and do both. >> i want to get onto some other issues, but my time is running out. on the corporate reform side are you abl
, particularly in a competitive environment with other countries. i think it can be done in a revenue neutral way. i do nothing would have the ability to raise the revenue we need to deal with the fiscal problem is with the business tax reform. >> in regards to business taxation, many have made the argument that we need to pay very close attention to the individual code regard to its impact on business taxation. do you think we can do corporate reform without also doing individual tax...
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53
Feb 18, 2013
02/13
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CSPAN
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i'd like to talk about that unusual nature and your own background as if they seek to alter the environment. >> as you said, is to find a bit differently than combatant commands and has more agency people assigned to head orders may think all of that is a great benet to the organization who stretches and reaches across the agency in an effort that is required to be done that way in that interagency effort. in the building partner capacity piece, as all of our operations there really is a one to general austin is talking about is helping to build the capacity of the nation to protect itself and provides stability for itself. so we worked hard over the years and we both had significant experience trying to build iraqi security forces as well as active dirty forces to do it themselves and also to work also to work with the multinational partners to also ensure they are part of the solution, both in our nato allies and allies throughout the world as well as the host nation countries. i look forward to continue that to help africans compare themselves to take care of themselves. >> some of the m
i'd like to talk about that unusual nature and your own background as if they seek to alter the environment. >> as you said, is to find a bit differently than combatant commands and has more agency people assigned to head orders may think all of that is a great benet to the organization who stretches and reaches across the agency in an effort that is required to be done that way in that interagency effort. in the building partner capacity piece, as all of our operations there really is a...
84
84
Feb 16, 2013
02/13
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CSPAN2
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important to get to the point where we can provide clarity to financial firms as to what regulatory environment they can expect in some of these important areas so that they can get on with planning their businesses accordingly. so it's my hope and my expectation that with respect to the volcker rule, the capital rule, section 716 and many of the special prudential requirements for systemically important firms we will publish final rules this year. on volcker and the standardized capital rules in particular i think the agencies have learned a good deal from the formal comments and public commentaries addressed to these proposals. both required a difficult balance between the aimed comprehensiveness on one hand and ability to strait at firms and regulators on the other. inc. it is clear that both proposals lean too far in the direction of complexity. i would expect a good bit of change in the final rule makings on these subjects. indeed, these examples prove the wisdom of those who drafted the administrative procedure act many years ago whereby they set up a process that agencies issued proposal
important to get to the point where we can provide clarity to financial firms as to what regulatory environment they can expect in some of these important areas so that they can get on with planning their businesses accordingly. so it's my hope and my expectation that with respect to the volcker rule, the capital rule, section 716 and many of the special prudential requirements for systemically important firms we will publish final rules this year. on volcker and the standardized capital rules...
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95
Feb 15, 2013
02/13
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tax reform will have to be done in an environment where, as we broaden the base we both contribute to deficit reduction and hopefully are able to lower rates. on the business side, we have a contradiction in our business tax system. our statutory rate is very high. lori effective rate is not as high, so when you look at the unit is its competitively against other countries' statutory rates make it an attractive tillich the united states verses other places on some occasion. though, for individuals of individual firms, the average tax rate is much lower because of all the complicated provisions, deductions, credits that are part of the cut out. it will be a challenge to take on those individual deductions and credits, but there's no other way to bring the rate down, which is something that think we need to do to maintain our competitiveness abroad. >> so even though an effective rate might be different and statutory, you still believe is geared to proceed, go down the road of carper reform? reduce a lot of those tax expenditures in order to get the rate can't? >> i do, senator. i think
tax reform will have to be done in an environment where, as we broaden the base we both contribute to deficit reduction and hopefully are able to lower rates. on the business side, we have a contradiction in our business tax system. our statutory rate is very high. lori effective rate is not as high, so when you look at the unit is its competitively against other countries' statutory rates make it an attractive tillich the united states verses other places on some occasion. though, for...
169
169
Feb 13, 2013
02/13
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CNBC
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very positive environment. where we're putting that money is in a new brand we're launching called cambridge suites. the financing market for those kind of deals is still a little tight. and what we find it helps push that deal over the edge. a great investment for us. they'll rotate quickly. we expect those moneys to go in and out. and utilize those to do more deals in the future. so while it's a little different than we've done before, it's actually a very positive thing. >> is that an admission that perhaps you're in the slower growing areas in that economy section of the market across america, and the money made is in luxury? will you driver it further up the value chain? >> i don't see us in luxury. we're interested in the upscale space. we're primarily moderate positioned for that growth based on fourth quarter and this year's forecast is going very well. but the reality is, there's lots of space for us in upscale. we've got two brands we're focusing on, cambria suites and ascend, which are doing very, ve
very positive environment. where we're putting that money is in a new brand we're launching called cambridge suites. the financing market for those kind of deals is still a little tight. and what we find it helps push that deal over the edge. a great investment for us. they'll rotate quickly. we expect those moneys to go in and out. and utilize those to do more deals in the future. so while it's a little different than we've done before, it's actually a very positive thing. >> is that an...